5 U.S. banks face possible downgrade

The rating agency Moody’s has put 17 global instutions (5 in America) and 114 European banking institutions under review for a possible downgrade.  The five U.S. banks are Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and JP Morgan Chase.  The country with the most banking institutions under review is Italy with 24, in second is Spain with 21.  This should not be suprising considering these countries are also heavily in debt and struggling economically.

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